Online luxury retailer Farfetch sold to Coupang in £396m rescue deal December 18, 2023 Farfetch has been bought by South Korean e-commerce group Coupang as part of a last-minute rescue deal for the struggling online luxury retailer.
Frasers Group: I Saw It First faces court battle with Turkish supplier after £1 deal December 18, 2023 I Saw It First, the British fast-fashion company backed by Mike Ashley’s Frasers Group, is being dragged to court over a legal battle with a Turkish textile firm. Fabulous Textiles has instructed small UK law firm Blackstone Solicitors to file a claim against the online retailer which shot to stardom thanks to collaborations with Love [...]
Cheers to that! Square Mile to welcome five new pubs for returning City workers December 18, 2023 Surging use of the London Underground, and the Elizabeth Line in particular, has lifted demand for new hostelries
Rise in living wage spells further misery for retailers, businesses warn December 18, 2023 Hollywood Bowl boss brands pay increase as 'unexpected hit'
Claridge’s back in black after seven-year rebuild as tourists flock back to London December 18, 2023 The Mayfair luxury hotel in Brook Street saw revenues more than double to £98.1m in 2022
Games Workshop signs deal with Amazon to make Warhammer TV shows December 18, 2023 Wargames maker's deal with online giant will transform Warhammer 400 game into film and television series
Unilever continues slim down with beauty arm sell-off to US private investment firm December 18, 2023 Unilever will sell its Elida Beauty business to an American private investment firm as it looks to optimise its personal care portfolio. The financial terms of the deal, which were not disclosed, are expected to close in mid-2024. The buyer, Yellow Wood Partners, has already invested in a host of personal care products including Dr [...]
Hollywood Bowl eyes further expansion as customers keep spending despite cost of living crisis December 18, 2023 Hollywood Bowl has raised its dividend off the back of a strong performance as customers keep spending despite the economic climate.
Hollywood Bowl to strike lucky despite cost of living pressures December 17, 2023 Hollywood Bowl is expected to present investors with strong profits amid a period of strong demand from Brits for leisure activities despite the cost of living crisis. The operator of bowling alleys and mini golf will announce its full year results on Monday, not long after one of its closest rivals Ten Entertainment was taken [...]
Sainsbury’s boss: Brits don’t have time to bargain hunt with rivals December 17, 2023 The chief executive of Sainsbury’s has said that customers are shunning the likes of Aldi and Lidl in favour of ‘Big Four’ grocers, as a return to the office and a resulting lack of time has left them unable to shop around for deals. In an interview with The Telegraph, Simon Roberts said that the [...]